Comex Gold signal
A good day for our Comex Gold signals subscribers. I asked them to buy xauusd Monday. We were holding position since then. Today gold finally took off and we booked profit just near target. Here is my xauusd signal which I gave to my paid subscribers.
Buy Gold at 1282$ with stop loss of 1275$ for target of 1290.30$. Xauusd fired and we booked profit at 1289.20$. We made more than 70 pips in this trade and fetched around $700 profit per lot.
Currently gold price trading at 1289$, As stated in my today’s gold report. Good resistance in xauusd stands at 1292$. If traders break and sustain above 1292$. Then expect good rise in this precious metal till 1299$- 1307$.
Good support now stands at 1280$. If market break and sustain below 1280$. Then expect mild pressure in xauusd till 1272$- 1265$.
Conclusion: As said earlier in my gold forecast, Comex Gold Intraday trend is positive. Avoid selling on higher levels and look to buy in dips. Current uncertainty in world market is driving gold price higher. Keep an eye on global events. China & US trade war may resume once tariff kicks on chinese goods from this Friday. If China retaliate then we may see gold price crossing 1300$ easily.
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